Li Jian agreed to acquire additional 8% stake in Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. (SZSE:300025) from Ruian Chuangxiang Network Technology Co., Ltd. for CNY 240 million on February 1, 2024. The offer per share is CNY 5.87 for 40.7 million shares of Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. accounting for 8% of share capital. Within 30 working days after Shenzhen Stock Exchange confirms compliance, Li Jian shall pay the transfer price of CNY 71.67 million to Ruian Chuangxiang Network Technology Co., Ltd., and within 12 months after the completion of the delivery of the subject shares, the Li Jian shall pay the transferor a transfer price of CNY 167.23 million.

If this transaction is finally completed, Ruian Chuangxiang Network Technology Co., Ltd will hold 15.82% of the company's shares, and Li Jian will hold 9.60% of Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. The transaction requires compliance confirmation by the Shenzhen Stock Exchange before the share transfer procedures can be handled at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.